Bernanke’s Commercial for Gold

While compiling the Cheat Sheet of Federal Reserve Chairman Ben Bernanke’s testimony, I noted the end was one big commercial for Gold (NYSE: GLD):

  • Failure to achieve fiscal sustainability in the US will, over time, sap the nation’s economic vitality, reduce our living standards, and greatly increase the risk of economic and financial instability.
  • Our nation’s fiscal position has deteriorated appreciably since the onset of the financial crisis and the recession.
  • The federal budget appears to be on an unsustainable path.
  • Achieving long-term fiscal sustainability will be difficult. But unless we as a nation make a strong commitment to fiscal responsibility, in the longer run, we will have neither financial stability nor healthy economic growth.

Therefore, BUY GOLD!

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